Kazakhstan’s transformer plants to boost exports

Kazakhstan, Astana: Kazakhstan’s electrical equipment manufacturer Alageum Electric Holding has ensured support from the export credit insurance corporation KazExportGarant, which will allow Alageum and its transformer manufacturing plants to increase their exports.

“The support of the KazExportGarant will be of great importance for Alegeum’s enterprises, including the Kentau and Ural Transformer Plants,” said Alageum Electric Deputy Director General Nurzhan Stvayev.

The Kentau Transformer Plant has been shipping its transformers to Afghanistan since 2015, and it also started supplying its products to Kyrgyzstan.

The Ural Transformer Plant exports 90 percent of its production to Russia.

The company will use the trade finance to increase the volume of export shipments and enter the markets of Iran, Pakistan and Mongolia.